FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
FURNISHED PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
30 November, 2005
BRITISH AIRWAYS Plc
(Registrant's Name)
Waterside HBA3,
PO Box 365
Harmondsworth UB7 0GB
United Kingdom
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Yes No X
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connection with Rule 12g3-2(b):
CONTENTS
1. Management re-structure
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorised.
BRITISH AIRWAYS Plc
By: /s/_________________________
Name: Alan Buchanan
Title:Company Secretary
Date: 30 November 2005
INDEX TO EXHIBITS
Exhibit No. Description
1. Management re-structure
MANAGEMENT RE-STRUCTURE ANNOUNCED
British Airways today announced plans to re-structure its business with a 35 per
cent reduction in the number of its 1,715 managers by March 2008.
The figure comprises a 50 per cent reduction in senior managers, from 414 jobs
to 207, and a proposed 30 per cent reduction in middle managers from 1,301 jobs
to 911 jobs. This brings the total number of job cuts to 597.
Willie Walsh, chief executive, said: "I said when we reported our second quarter
financial results last month that our costs were up in most areas and that, as a
result, we need to re-energise our efforts to deliver a competitive cost base.
"We must lower our costs so that we can fund future investment in our business.
Today marks the start of a renewed effort to deliver our goal of a 10 per cent
operating margin. I am confident that these measures, however difficult, will
help to build a robust British Airways and one that will benefit from sustained
profitability. This action will enable us to carry out the investment we need
to make in our business in the coming years in order to deliver a more
competitive and efficient airline."
The proposed management job cuts are set to save the airline GBP50 million as
part of its drive to achieve a GBP300 million cost reduction programme by March
2007, announced in January 2004.
The company plans to carry out the reduction in the number of senior managers in
three phases. Phase one will see 94 of the top executives (23 per cent) leave
the business by March 31, 2006.
Further reductions will continue during the next two years with the 50 per cent
target achieved by March 2008.
Full proposals and a timetable for achieving the planned 30 per cent reduction
in middle managers will be developed and communicated by March 2006.
Mr Walsh added: "We are re-structuring the airline to remove duplication,
simplify our core business and provide clearer accountability. Managers will
have greater accountability for making decisions, delivering results and leading
the business.
"The decision to embark on a major reduction in management numbers is not one I
have taken lightly. We have extremely talented managers and they have led the
way in transforming our company during the last four years since the tragic
events of 9/11.
"But it is essential that we streamline our business further and I believe it is
right that we have started by looking closely at the number of senior managers
we need to deliver a sustainable, profitable future."
Ends
30 November, 2005
134/AP/05